Punjab National Bank has lowered the interest rate on house loans to 6.60 percent.
Punjab National Bank, a public sector lender, announced on September 17 that house loans will be offered at 6.60 percent, regardless of any higher ceiling restriction, subject to applicant having adequate credit score.
The interest rate is the lowest among public sector banks and applies to balance transfers as well. PNB has also slashed the interest rate on house loans worth more than Rs 50 lakh by 50 basis points.PNB has stated, among other things, that it will provide existing and balance transfer customers op-up house loans at a low interest rate.
PNB is giving a 100% waiver of service charges and processing costs on house loans as a festive discount.
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